It must be awfully frustrating to get a small raise at work and then h…

Ben Bernanke
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It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting. ✨ Diane Sawyer Says 'That Republicans See Ben Bernanke As A Villain'. ABC World News with Diane Sawyer, www.newsbusters.org. March 28, 2012.
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Importantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to … ▶
The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. ✨ Deflation: … ▶
House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong econo … ▶
The Federal Reserve is not currently forecasting a recession. ✨ Speech at the Women in Housing and Finance luncheon in Washington, www.sfgate.com. January 10, 2008.
A money-financed tax cut is essentially equivalent to Milton Friedman's famous 'helicopter drop' of money.

It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting. ✨ Diane Sawyer Says 'That Republicans See Ben Bernanke As A Villain'. ABC World News with Diane Sawyer, www.newsbusters.org. March 28, 2012.

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